Category: Bitcoin

This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. As bitcoin BTC$124,843.47 trades in uncharted territory near record highs, traders may be searching for cues on what comes next, especially key levels that could act as magnets or resistance points. Here are three important levels worth watching closely. $126,100 This

Bitcoin has broken above $125,000 for the first time in its 17-year history. The price of Bitcoin soared to a new record high during Asia trading hours on nearly $50 billion in trading volume over the last 24 hours, per data from CoinGecko. As bullish traders piled in pushing the price upward, almost $100 million

Bitcoin broke through resistance and hit a record $124,500 on Coinbase today. The move came after nearly two weeks of testing the same level. The rally unfolded amid what is now the longest U.S. government shut down in history under the 45th and 47th president, Donald Trump. Lawmakers failed to agree on funding, and by

The amount of Bitcoin held on centralized exchanges has plunged to a six-year low as the asset climbed to a new all-time high. The total Bitcoin balance on centralized exchanges fell to a six-year low of 2.83 million BTC on Saturday, according to Glassnode. The last time that there were fewer coins stored on exchanges

Bitcoin’s supply is almost entirely in profit, and analysts warn this could trigger a short-term correction. Historically, such high profitability has often been followed by brief market pullbacks. According to analyst Ted Pillows, 99.3% of the entire Bitcoin supply is profitable at its present market price of about $121,900. When the BTC supply in profits

Bitcoin BTC$124,058.70 surged during the Asian session on Sunday, rallying from $122,000 to $124,289 within minutes, pausing short of the record high of $124,429 reached in August. The break above $124,000 followed a massive demand for U.S.-listed spot exchange-traded funds (ETFs). which collectively registering a net inflow of $3.24 billion last week. This marks the

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by analysts of the possibility of a short-term correction. In the past, such widespread profitability has been followed by short term market pullbacks.

Many investors are currently viewing bitcoin through an end-of-cycle lens, suggesting that Q4 could mark the close of the current market cycle. However, two key metrics point to the possibility that the bull market may actually be in its early stages. Glassnode data shows that the 200-week moving average (200WMA), which smooths bitcoin’s price over

The majority of the coins from the top 10 list have returned to the red zone, according to CoinStats. BTC/USD Unlike other coins, the rate of Bitcoin (BTC) has gone up by almost 1% over the last 24 hours. Despite today’s growth, the price of BTC is near the local support of $122,033. If bulls

Bitcoin ($BTC) is making waves in the market with significant price progress amid a notable decrease in UTXO. Hence, Bitcoin’s Unspent Transaction Output (UTXO) count has dropped to the 17-month low spot of 166.6M, highlighting re-accumulation among the $BTC HODLers. As per the data from the popular crypto analyst going by, CryptoOnchain, this notable development